Economics

_______ is when people depend on each other for things they need or want.

• scarcity

• interdependence

• barter

• specialization

When a person focuses on one product or service, this is called...

• scarcity

• specialization

• interdependence

• wants

We can ______ each other's services. I can help you in Math if you help me become better at basketball.

• scarce

• depend

• barter

• wants

_____ is the making, buying, or selling of things people need or want.

• research

• economics

• specialization

• bank

Not having enough of something is called...

• interdependence

• basic needs

• barter

• scarcity

A place where people live, work, and play is called a ______.

• wants

• needs

• community

• savings

Money put away to keep for later

• savings

• checking

• bank

• scarcity

Things people need in order to survive

• wants

• v bucks

• needs

• savings

Things people would like to have

• needs

• wants

• beanie boos

• interdependence

Producer or Consumer?

A chef cooks up his famous spaghetti for his restaurant.

• Producer

• Consumer